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- Deribit plans to launch linear options on XRP, SOL and MATIC in January, targeting European markets and doubling down on derivatives trading.
- Despite its price fluctuations, XRP remains a popular choice for payments, with institutions such as HSBC allowing its use.
- Following its legal victories against the US Securities and Exchange Commission, XRP may be about to go up, as ChatGPT noted.
Embrace XRP and other coins
Leading cryptocurrency exchange – Deribit – has announced its intention to launch linear options for Ripple (XRP), Solana (SOL), and Polygon (MATIC). Company X used Twitter for revealing of Its plans have also pledged to apply for a brokerage license in the European Union (EU).
In a recent interview with Deribit’s COO, Luuk Strijers He said The next offering will see the light of day in January, describing the European region as “the best environment to launch new products.”
Cryptocurrency derivatives trading volumes have declined significantly from their peak levels, due to the decline in prices of most cryptocurrencies and the prevailing uncertainty in the sector. According to Richard Galvin – co-founder of Digital Asset Capital Management – adding more options that include altcoins (not just ETH) could benefit cryptocurrency exchanges.
Earlier this year, Deribit rolled out a zero-fee spot trading platform focused on derivatives. Strygers shed more light on this development and its purposes:
“That’s why we do it for free, not because we don’t like the potential revenue, but because we aim to generate revenue primarily through derivatives trading.”
XRP remains popular despite its consolidation
The original Ripple coin may not be at its best (considering the drop in prices after the big rally in July), but it maintains its popularity. In fact, some prominent companies and financial giants like HSBC Permissible Eligible customers can pay their mortgage bills and loans in various cryptocurrencies, including XRP.
It was also original Top trending icon The entire world was at one point last week after Ripple achieved its second successive victory against its great enemy – the US Securities and Exchange Commission.
According to ChatGPT, a decisive win could be achieved in the trial next year and other factors Pay XRP is heading towards a new bullish wave. Those who are curious to know how high the asset could go if such a rally occurs can watch the video below:
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